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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: Flan who wrote (66)3/21/1997 12:06:00 PM
From: Andrew Hunter   of 403
 
David,

I'm sorry that you have to be bothered by investors who aren't in your league. I make my living through short term trading and have done so for two years. I began investing three years ago with $20,000. Can you tell me what your return has been on your portfolio since January? My portfolio is up 60% so far this calendar year. Some of that money was made in Vans. I was out for a while, and was considering buying in before earnings were released, but now I'm concerned. You're obviously not concerned - although for someone so confident, you seem a little defensive. When I said that generally companies with good earnings report earlier and those with disapointing earnings hold off, it was an observation, not an "assumption" as you percieved. As all observations, it is subjective. Another subjective observation I have made is that companies that are less than a week from reporting an upside earnings surprise generally do not show a downward trend. Did you find that not to be the case (generally, not always) at your research job in an investment bank? To tell you the truth, having "professional" investment qualifications doesn't impress me all that much, because many of the savvy independent investors I know consistently outpreform the professionals. We'll know soon enough whether VANS will report great earnings on March 25h. For your sake, I hope they will.

Chimi

P.S. is it a good idea to post earnings on the same the Fed may announce an interest rate hike? Is it possible a good earnings report might be for naught if a rate hike is announced, and the market reacts?
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